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I was looking into details/scenarios on funding an investment property through a self directed IRA. Could anybody share some situations when that is an ideal strategy? Pros/cons?
I found that I can take a full distribution on 401k under Cares Act if it’s taken by the end of 2020. I know I would pay the tax on the capital gain, but can you share what your experience are if you’ve done this? My ...
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Before you make you first deal either flipping or wholesaling do you think that it is best to make a LLC ?
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I just started my llc October of this year through the state of texas. if I don't receive any funds this year or do a deal this year do I have to file taxes? ive spent money on starting the company and filing and mark...
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I wanted to see if anyone has been able to (legally) avoid paying self employment taxes on the profit from their flips. I met with an accountant and he said I would have to pay a 15% tax for self employment - essentia...
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Hello,I'm interested in partnering on a deal with 3 individuals. In order to do this should we all create an LLC together for this one deal? Or will our individual businesses protect us? (One person is not protected b...
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So - I have a bunch of cash tied up in a property that is under contract. Supposed to close on Friday and the buyer is having marital issues. Might have to go back on the market.
In the interim - I am under contract...
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Hello PB again!I'm using my 401K former employer early distribution for my REI this year (May-Jun timeframe). I have never done this type of transaction before and need advice how to do it. How much time will take f...
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I was recently told that for a solo 401K distribution , it was required that you sent 20% withholding to the IRS by the 15th of the following month . I am over 59 and a half .This seems odd to me since in a regula...